Eke, O. P. and Okoye, Lawrence U. and Evbuomwan, Grace O. (2018) Entrepreneurship and Financial Deepening in selected African Economies: Does Human Capital Development Matter? In: Innovation Management and Education Excellence through Vision 2020, Milan, Italy, 25-26 April 2018.
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Abstract
This paper examines whether human capital development is significant in the nexus between entrepreneurship and financial deepening, while accounting for institutional quality as control variable in thirteen selected African economies from 1995-2014. Evidence from the augmented Toda-Yamamoto technique shows that human capital does not have long run causal effect on entrepreneurship, and financial deepening, which suggests low quality human capital for entrepreneurial development. The paper recommends market-based funding for human capital development to enhance quality, creativity, entrepreneurship, and hence financial deepening. Global best-practice institutional governance system would reduce ‘cost to start business’ and thereby encourage growth of entrepreneurship.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | African economies, Entrepreneurship, Financial deepening, Human capital |
| Subjects: | D History General and Old World > DT Africa H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 18 Sep 2018 12:13 |
| Last Modified: | 18 Sep 2018 12:13 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/11782 |
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